4

Newest Homes for Rent in Montgomery, MN

Section Image Section Image
  • 488 N Welco Dr Unit 24, Montgomery, MN 56069
    488 N Welco Dr Unit 24, Montgomery, MN 56069
    488 N Welco Dr Unit 24, Montgomery, MN 56069
    /11

    $1,125

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    488 N Welco Dr Unit 24, Montgomery, MN 56069

    Discover comfort and convenience in this newly renovated 3-bedroom, 1-bath apartment located in a quiet neighborhood of Montgomery, MN. Priced at just $1,125.00/month, this home offers generous living space and a variety of amenities perfect for families, professionals, or anyone seeking peaceful living with easy access to nearby cities.Features You'll Love:* Off-Street Parking –

    488 N Welco Dr Unit 24, Montgomery, MN 56069
  • 488 N Welco Dr Unit 22, Montgomery, MN 56069
    488 N Welco Dr Unit 22, Montgomery, MN 56069
    488 N Welco Dr Unit 22, Montgomery, MN 56069
    /7

    $925

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 540 Sq Ft
    • Condo for Rent

    488 N Welco Dr Unit 22, Montgomery, MN 56069

    Welcome home to this newly renovated 1-bedroom, 1-bath apartment located in a peaceful area of Montgomery, MN. Perfectly priced at $925/month, this cozy unit offers comfort, convenience, and a welcoming community feel. Tenants pay Electric, Cable and Internet.Key Features:* Off-Street Parking – Hassle-free parking right outside your door* Washer/Dryer On-Site – No more trips to

    488 N Welco Dr Unit 22, Montgomery, MN 56069
  • 720 Deer Trail, Montgomery, MN 56069
    720 Deer Trail, Montgomery, MN 56069
    720 Deer Trail, Montgomery, MN 56069
    /35

    $2,650

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,527 Sq Ft
    • House for Rent

    720 Deer Trail, Montgomery, MN 56069

    MOVE-IN SPECIAL: $500 OFF FIRST MONTH’S RENT + FREE APPLICATION!720 Deer Trail, Montgomery, MN 560693 Beds | 2 Baths | 1,527 Sq. Ft. | 0.5 Acre LotExperience the perfect blend of modern luxury and effortless, stair-free living in this stunning, 2021-built single-level home! Located in a highly desirable Montgomery neighborhood surrounded by peaceful walking trails, this property

    720 Deer Trail, Montgomery, MN 56069
  • 1203 Pondview Ave NW, Montgomery, MN 56069
    1203 Pondview Ave NW, Montgomery, MN 56069
    1203 Pondview Ave NW, Montgomery, MN 56069
    /6

    $2,500 Per Month

    • 5 Beds
    • 5 Baths
    • 2,524 Sq Ft
    • House for Rent

    1203 Pondview Ave NW, Montgomery, MN 56069

    Nice 3 bedrooms on one level, new appliances, newer paint and newer carpet.

    Agent Photo

    John Clay

    Associated, REALTORS

    1203 Pondview Ave NW, Montgomery, MN 56069
Minnesota Le Sueur County

Newest Homes for Rent in Montgomery, MN

Frequently Asked Questions

How much does it cost to rent a home in Montgomery, MN?
The median rent for a home in Montgomery, MN is $1,812 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Montgomery, MN?
To comfortably afford the median rent in Montgomery, MN, a household needs to earn roughly $72,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,812 per month in Montgomery, MN, renters typically need to show $5,436 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Montgomery, MN?
In Montgomery, MN, the price-to-rent ratio is 13.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Montgomery, MN are best for renting a home?
The best neighborhood for renting in Montgomery, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Country Club Estates and Galaxie Commons, each with its own character and price range.

Rental Trends in Montgomery, MN

There are currently 4 homes available for rent in Montgomery, MN. The median rent is $1,812 per month, with single-family homes renting at $2,575 and condos at $1,025.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,812
Median Single Family Home Rent
$2,575
Median Condo Rent
$1,025
How to Rent a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group